BiH Council of Ministers Approved Sale of Former SFRY Property in New York and Bern – Sarajevo Times

The Council of Ministers of Bosnia and Herzegovina held an extraordinary telephone session during which it was decided to approve the joint sale of the permanent mission of the former SFRY to the UN in New York, for which no Successor state of the former RFS Yugoslavia is not interested.

The Joint Commission for the Distribution of Diplomatic and Consular Assets of the Former SFRY accepted the purchase price of US$50 million, which is the highest offer given that the last price offered was US$42 .5 million US dollars and that the value of the property was previously estimated at 30 million US dollars.

The share of Bosnia and Herzegovina is 15% of the total amount, or 7.5 million US dollars (12,530,000.00 BAM). In addition, the distribution of any costs that will be incurred in the sale of real estate within the framework of the joint sale of the Permanent Mission of the former SFRY to the UN in New York will be done in the same way.

The Council of Ministers of Bosnia and Herzegovina, on the proposal of the Ministry of Foreign Affairs, decided to approve the joint sale of the embassy and the residence of the former SFRY in Bern, after having been informed of the attached information and the draft purchase contract.

Previously, the Joint Commission for the Distribution of Diplomatic and Consular Property of the Former SFRY accepted the purchase price from the Republic of Serbia in the total amount of 7.78 million Swiss francs.

Since the Republic of Serbia is one of the five co-owners of this property, 4,706,900.00 Swiss francs represents the purchase of co-ownership shares from the other four countries (Bosnia and Herzegovina, Republic of Croatia, North Macedonia and Republic of Slovenia ).

Bosnia and Herzegovina holds 15% of the funds, or 1,167,000.00 Swiss Francs or approximately 2.1 million BAM.

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